Mukand Ltd
Mukand Ltd is engaged in manufacturing of special alloy steel, billets, bars, rods, EOT cranes, material handling equipment and other industrial machinery and comprehensive engineering services.[1]
- Market Cap ₹ 2,428 Cr.
- Current Price ₹ 168
- High / Low ₹ 213 / 115
- Stock P/E 11.7
- Book Value ₹ 62.6
- Dividend Yield 1.19 %
- ROCE -6.62 %
- ROE -43.2 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company has been maintaining a healthy dividend payout of 23.3%
- Debtor days have improved from 47.6 to 33.6 days.
- Company's working capital requirements have reduced from 142 days to 96.8 days
Cons
- Stock is trading at 2.69 times its book value
- Company has a low return on equity of -34.3% over last 3 years.
- Earnings include an other income of Rs.565 Cr.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Steel Industry: Steel - Large
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2,566 | 2,126 | 2,533 | 2,819 | 2,731 | 2,667 | 3,070 | 3,588 | 2,818 | 2,681 | 4,643 | 5,618 | 5,306 | |
2,436 | 2,013 | 2,378 | 2,481 | 2,397 | 2,316 | 3,004 | 3,438 | 2,712 | 2,883 | 4,403 | 5,771 | 5,468 | |
Operating Profit | 130 | 113 | 155 | 339 | 334 | 350 | 66 | 150 | 107 | -203 | 240 | -153 | -161 |
OPM % | 5% | 5% | 6% | 12% | 12% | 13% | 2% | 4% | 4% | -8% | 5% | -3% | -3% |
10 | 118 | 34 | 5 | 21 | 220 | 284 | 79 | 52 | 666 | 32 | 573 | 565 | |
Interest | 182 | 215 | 244 | 266 | 279 | 425 | 267 | 303 | 338 | 307 | 161 | 175 | 136 |
Depreciation | 66 | 64 | 67 | 75 | 74 | 71 | 56 | 58 | 75 | 69 | 45 | 51 | 51 |
Profit before tax | -108 | -48 | -123 | 2 | 2 | 74 | 26 | -132 | -255 | 88 | 66 | 194 | 217 |
Tax % | 14% | 17% | 28% | 26% | 24% | 85% | -71% | 36% | 23% | 48% | -39% | 5% | |
-94 | -39 | -88 | 2 | 2 | 11 | 44 | -84 | -196 | 46 | 92 | 185 | 208 | |
EPS in Rs | -6.40 | -2.70 | -6.22 | 0.11 | 0.11 | 0.79 | 3.12 | -5.95 | -13.83 | 3.25 | 6.48 | 12.84 | 14.38 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 31% | 24% | 16% |
Compounded Sales Growth | |
---|---|
10 Years: | 10% |
5 Years: | 13% |
3 Years: | 26% |
TTM: | -5% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | -39% |
TTM: | 112% |
Stock Price CAGR | |
---|---|
10 Years: | 18% |
5 Years: | 25% |
3 Years: | 12% |
1 Year: | 28% |
Return on Equity | |
---|---|
10 Years: | -9% |
5 Years: | -25% |
3 Years: | -34% |
Last Year: | -43% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 73 | 73 | 141 | 141 | 141 | 141 | 141 | 141 | 141 | 141 | 145 | 145 | 145 |
Reserves | 2,047 | 2,003 | 1,985 | 1,974 | 1,971 | 220 | 993 | 912 | 716 | 756 | 596 | 737 | 760 |
Preference Capital | 6 | 6 | 6 | 6 | 6 | 0 | 4 | 3 | 4 | 4 | 6 | 6 | |
1,881 | 2,160 | 2,306 | 2,558 | 2,734 | 2,878 | 1,949 | 2,373 | 2,533 | 1,817 | 2,031 | 1,499 | 1,497 | |
956 | 927 | 1,146 | 1,123 | 1,111 | 1,163 | 1,299 | 952 | 1,019 | 662 | 827 | 802 | 620 | |
Total Liabilities | 4,957 | 5,164 | 5,579 | 5,797 | 5,957 | 4,402 | 4,381 | 4,378 | 4,409 | 3,377 | 3,598 | 3,183 | 3,022 |
2,390 | 2,408 | 2,486 | 2,448 | 2,407 | 693 | 562 | 505 | 516 | 447 | 484 | 447 | 432 | |
CWIP | 104 | 146 | 50 | 26 | 29 | 39 | 23 | 23 | 30 | 26 | 32 | 30 | 40 |
Investments | 110 | 228 | 251 | 251 | 251 | 267 | 1,428 | 1,453 | 1,429 | 715 | 188 | 275 | 117 |
2,353 | 2,382 | 2,792 | 3,072 | 3,270 | 3,404 | 2,368 | 2,397 | 2,435 | 2,189 | 2,894 | 2,431 | 2,432 | |
Total Assets | 4,957 | 5,164 | 5,579 | 5,797 | 5,957 | 4,402 | 4,381 | 4,378 | 4,409 | 3,377 | 3,598 | 3,183 | 3,022 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
74 | 12 | -26 | 12 | 117 | 295 | 764 | -172 | 121 | -262 | -105 | 174 | |
-69 | -78 | -19 | 2 | -31 | -33 | 89 | 8 | 16 | 1,353 | 338 | 558 | |
-36 | 72 | 50 | -14 | -101 | -260 | -859 | 153 | -136 | -1,071 | -212 | -736 | |
Net Cash Flow | -30 | 5 | 4 | -0 | -15 | 2 | -6 | -10 | 0 | 19 | 21 | -5 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 125 | 136 | 130 | 128 | 149 | 138 | 37 | 45 | 54 | 70 | 39 | 34 |
Inventory Days | 273 | 356 | 386 | 416 | 471 | 427 | 233 | 235 | 324 | 221 | 184 | 133 |
Days Payable | 211 | 252 | 280 | 254 | 270 | 275 | 209 | 143 | 184 | 85 | 64 | 50 |
Cash Conversion Cycle | 187 | 240 | 236 | 290 | 350 | 290 | 61 | 137 | 195 | 206 | 159 | 117 |
Working Capital Days | 132 | 144 | 143 | 192 | 223 | 236 | 83 | 120 | 150 | 198 | 132 | 97 |
ROCE % | 2% | 1% | 3% | 6% | 6% | 12% | 10% | 5% | 2% | -8% | 7% | -7% |
Documents
Announcements
- Certificate Under Regulation 40 (9) Of The SEBI(LODR), 2015 2d
- Compliance Certificate Regulation 7(3) 12 Apr
- Format of the Annual Disclosure to be made by an entity identified as a LC - Annexure B2 8 Apr
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 8 Apr
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 4 Apr
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2011
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Financial Year 2010
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Concalls
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Jul 2021TranscriptNotesPPT
Specialty Steel Division (~98%)[1]
Under the division, the company offers various alloy steel and stainless steel products that cater to the requirements of auto components, engineering, oil & gas, petrochemicals, healthcare, food, architecture, building, and construction industries. [2]
Its product portfolio includes various types of special steel wire rods & black bars, special steel cold heating quality wire rods, electrode quality wire rods, Blooms/ Billets, bars, etc. [3]